https://www.taxtmi.com/caselaws?id=432515 The Tribunal allowed the appellant's appeal regarding transfer pricing adjustments on advertising and marketing expenses, emphasizing the need for explicit arrangements with associated enterprises. The Tribunal vacated the DRP's direction to make alternative additions under the Income Tax Act. The Tribunal partly allowed the appellant's appeal on transfer pricing adjustments for raw material imports, remanding the matter for further examination. The Revenue's appeal challenging the DRP's direction was dismissed, aligning with previous court rulings on restricting TP adjustments to international transactions. en-us Tue, 30 Aug 2022 00:00:00 +0530 Fri, 06 Jan 2023 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432515 The Tribunal allowed the appellant's appeal regarding transfer pricing adjustments on advertising and marketing expenses, emphasizing the need for explicit arrangements with associated enterprises. The Tribunal vacated the DRP's direction to make alternative additions under the Income Tax Act. The Tribunal partly allowed the appellant's appeal on transfer pricing adjustments for raw material imports, remanding the matter for further examination. The Revenue's appeal challenging the DRP's direction was dismissed, aligning with previous court rulings on restricting TP adjustments to international transactions. Case-Laws Income Tax Tue, 30 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432515